---
title: "Applied Digital jumps as Needham ups price target after AI lease deal"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289196539.md"
description: "Applied Digital shares surged over 12% in premarket trading after Needham raised its price target to $83 from $56, maintaining a Buy rating. This adjustment followed the company's signing of a long-term lease for its Delta Forge 2 AI data center with a U.S.-based investment-grade hyperscaler. Analyst John Todaro cited confidence in APLD's ability to secure new sites and achieve pricing improvements with additional hyperscalers."
datetime: "2026-06-09T13:15:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289196539.md)
  - [en](https://longbridge.com/en/news/289196539.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289196539.md)
---

# Applied Digital jumps as Needham ups price target after AI lease deal


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